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Doing Well By Doing Good With Darrin Williams, CEO Southern Bancorp

N2Growth Blog

Darrin Williams , CEO of Southern Bancorp, may have been a little surprised when a world-class business school professor came knocking at his door. She wanted to know more about Darrin’s story and this relatively small, regional, Arkansas bank. Should Southern Bancorp consider a public offering in the red-hot IPO NYSE market?

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NewTV Is the Antithesis of a Lean Startup. Can It Work?

Harvard Business Review

Katzenberg recently hired Meg Whitman, the ex-CEO of HP and eBay, as CEO of NewTV. With fewer than 10 employees but almost $2 billion dollars in the bank, it plans on jumping right in. Tech IPO prices and subsequent trading prices were disconnected from revenue and profits. IPOs dried up. And it may work.

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The Two Traits Every Entrepreneur Needs

Harvard Business Review

I learned the importance and challenge of focus early, when I served as CEO of a startup called Intralinks. ’” Later, Intralinks decided to try to IPO. So we decided not to IPO. After that, one bank stepped forward to lead another private round of funding. We went on a public road show in August 2000.

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Profit Is Less About Good Management than You Think

Harvard Business Review

There’s an interesting fact about companies with these kinds of moats or competitive advantages that often gets overlooked: the turnover rate of CEOs among the S&P as a whole is between ten and twenty times higher than in the big entrepreneurial successes of the past few decades. The odds aren’t favorable.

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Why Financial Statements Don’t Work for Digital Companies

Harvard Business Review

On February 13, 2018, the New York Times reported that Uber is planning an IPO. Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. Uber’s value is estimated between $48 and $70 billion, despite reporting losses over the last two years.

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The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five

Harvard Business Review

Banks are feeling the crunch; according to McKinsey , legacy financial institutions will see profits decline 20%–60% by 2025 if they fail to evolve digitally. CEOs will need to shift their mindset now if they want to avoid their own “Kodak moment.” This focus on people is key.

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GE’s Fall Has Been Accelerated by Two Problems. Most Other Big Companies Face Them, Too.

Harvard Business Review

In June 2017 longtime CEO Jeff Immelt resigned under unrelenting Trian and shareholder pressure, and John Flannery took over as CEO. Many have strategy heads, who are ex-dealmakers at investment banks, whose default assumption is that if the company has a performance problem, the natural fix is to buy and/or sell something.

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